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Home My WebLink About1718 ~~[AMANENr1 1 MORTGAGE NOTE ~ ~;wa ~~1: ~50. ooo. oo na~ ~ No~: t c. i.2 , i 9~~,L ~ Maturity Date: r~p y ea r s ~nt~resc Rate: 9 i qb A~uortisation Period: From the daY hereof to the Maturity Date. L,sea~me~c Paymenc: ~30, 000 plua interest due March 1, 19T5; p~yments of ~258. 30 each per month due there:~fter begianing firet Instalment Paymenc Date: A p r i 1 1. 19? 5. ' FOR VALUE RECEIVED. the underaigned and if more than one. jointly and severally (the Maker). dces hereby covenant and promiae to PaY to the order of Sun Bank oi S~ Lucie County or to ifs successora or asaigns (rnllectively the Payee). at its ps~ncipal of~ee at 111 Orange Ave.~ Fort Pierce, Fla. or at snch other place aa the Payee may designate to the Maker in writing from time to tirae, in legal tender of the United Statea. the Principal Amount to8ether vrith interest at the Ieterest Rate on the unpaid balance of the Principal Amounk - j~i~a~t~~ue Q=QOQ $~tl 3 1 IS The a~ms due aad owinR hereunder ahall be payable during the Aawrtiiation Period in ~qual tnonthly instalmenta. ~ ~ch in t6e amount of the Instalment Payment, the first sucb Instalment Payment to be made on tbe Firet Inatalment ~ Payment I?ate and subsequent Instalment Payments on tLe iiist daY of eacb month thereafter unW the Maturity Date whereupon the entin unpaid balance of priqcipal and intereat accrued and unpaid Wereon shall beeome due and pay- able; ench auch instalment when paid ahall be applied G~st to the Pa3?ment ot intereal on the unpaid balaace at the In- terest Rate and the remainder thereof to PeYment on account of principal. If any Instalment Payment shall not be paid when due. thea the entire princiPal sum and a~~e~ ~~~t ~t'e' under ahall become due and payable at once or t6ereafter. at the option of the holder of this Note. 'I~e Payee maY. at its option, collect a late charge not to ezeeed two oenta foi each one dollar of ~ch Instalment Payment not paid when due to reimlwree che Payee Eor e:pen9es of aetvicine delin9uent Instalment Paymenta. Failure to ezerciae theee options _~...n Mt~OMf11}P waivwr nf the riaht to e~en~ise the aame in the event of any aubeequent defauli It ia further agreed that the Maker and each endoraet. auretY. Buarantor, jointly and severaUy. ahall PeY all coats of ~ collection of thia Note. induding a rEasonable attotney's fee, on failure to pay any Inatalment Payment or any accrued interest due hereunder on the due date thereof. 'I'his Note and aU suma due here~ler ahall bear interest at the highest lawful rate of interest per annum in the State of Florida fmm tLe date when the principal and accrued interest under this Note ahall be due and payable. Tt~e total intereat payable hereunder ahall not in any one yesr e:ceed the luBheat lawful rate oE u?terest in the 3tate of Florida " i . ~ This Note ia secured bY a Mortgage, dated the date bereof, of property situated in the State of Florida. ~ The Maker agrees that it ahall be bound by any agreement e:tending the time or modifying the above terms of payment, made by the Payee and the owner or owneia of the property affected by said Mortgage, whetber with or with- out notice to the Maker, and the Maker shaU rnntinue liable to pay the amount due hereunder, but wit6 interest at a ~ rate no gr~ter than We Intereat Rate, acrordin8 to the terms of any such agreement of extension or modification : 'rhe unpaid balance of the Prinripal Amount, plus accn~ed intet+eat aha~l become due sad payable at tLe option of the Payee under the happening of an e~vent by which aaid balance ahall or may become due and payable under the terma of said Mortgage. Thia Note may not be changed ora11Y. but only by an agreement in writing, si8ned by the party againat whom en- i forcement of any waiver, change. modi~cation or discharge is sought ~ All partiee to this Note, whether Maker. principal, surety. guarantor or endoraer; heteby waive presentment tor payment. demand. protest, notice of pmtest, and notice of dishonor. and e:pressly agree jointly and aeverally to remain and continue bound tor We payment ot the principal and interest provided for by the terma oi thia l~ote, notwithstanding any eztenaion or extenaions of tbe time of, or [or the payment of aaid principal or interest, or any change or changes in the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided for in this Note, or any change or changes by way o[ mlease or surrender or subatitution of any real propedy and collateral. or either, held aa security for this Note, and v?aive all and every kind ot notice o[ auch e:tension or eztensions, change or changes, and agree t6at the aame may be made without the joinder of t6e Maker. ~ _ Privilege of prepayment of atl or any part at any time ie bereby granted without penalty. 6 R P1~t ~ 7~~ f:1M DSJ - FYIRIIC S7 BAIi - . ~ ~ ' ~3~ rc~.i y~~ y & _ .~x _ . . . . . ~a~~ - r,